Target reached 3/29/22, bullish close = final bull move (4700+)At the beginning of the week , I called SPX hitting 4626 and SPY 460 by the end of the week but it seems it has reached to the price a lot faster than expected.
Moving forward, todays close is imperative to future movement as one more bull run might be imminent before the eventual correction . If SPX is to close around the 4620s , I could see it pushing one last time up to a total price of 4700 + specifically 4707 . Once reached, there may be more of a reason to short the entire market even if temporarily to 4504 .
As for SPY, 470 is possible given the price closes bullish today.
Thank you for reading.
Spx500short
Spx Entries/ExitsFor More Daily Detailed Analysis, Click the follow button.
We previously looked at the Spx long as sentiment swapped to the positive side from diplomatic talks progress.
As the market looks to recover, with many stocks recovering their accumulated losses from the previous negative sentiment, we can exit any further longs held with scalp/intraday preference and look to accumulate shorts at some comfortable resistance.
We can also look to exit at early support.
SPX500 likely to fall!Hey tradomaniacs,
the recent fakeout above the key-resistance is a strong indication of a falling market.
Previous fractal has shown two fakeouts and liquidity-grabbing into both directions showing trapped volume in that zone.
This can cause big players to cause fakemomentum to attract more buyers in order to absorb liquidity.
A potential S/H/S-Pattern would be another confirmation for my assumption.
Let`s see what happens!
SPX500 Weekly Game Plan $SPX500 Game Plan
As much as I hate opening a position against the trend, these are two levels that I will be observing. In an ideal scenario I want to open the short upon confirmation. What does this mean?
If price reaches one of the two levels - $4524 or $4586, I want a small retracement followed by a double top or lower low. I can then open a short position with a stop loss above the recent high.
For the first order that would be somewhere around $4547, and for the second order that would be around $4617.
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P.S. I've been inactive for the past month, so I do apologize to those following me. I am picking up the trades again and soon I will release my new core trading strategy, which relies on trend following and so far has been very promising on indices and commodities, which is what I mainly trade.
Spx trade management todayFor more Daily Detailed analysis, go ahead and click the follow button.
Before the US session we can look ahead at managing our Spx positions. This involves planning ahead after the move to the north on improved market sentiment.
We exited longs and we are moving to some early short zones on the Daily. we can start to get short and look for exits on falls.
Trade lightly and manage your risk effectively.
Top of the Top of the TopTake your seats and Prepare for the 4th Turning.
De-dollarization is occurring before our eyes.
The game of musical chairs is coming to an end.
We will be lucky to get away with a debt crisis.
The more likely outcome is a currency crisis.
Your currency is not money, it is fiat. It is important you understand the difference. The thing we call money is fiat credit created by banks via loans. Everything is driven by debt and loans. AKA your life is driven by debt and loans. AKA your life is debt and loans.
How did it get this way?
www.atlantafed.org
But don't you know the Wonderful Wizard of Oz?
Remind me... what does the wizard do in the end?
Note: This is Not financial advice. Just what I see.
SPX LONG TO SHORTFor More Daily Detailed Analysis, Go ahead and click the follow button.
We have seen a rally from our previous long position yesterday on renewed positive sentiment. After exiting these longs, we can start to scale in for a move to the south side.
Remember to long lightly as sentiment is now STRONG to the upside. We will looking to exit at early support.
We can start to look long again on any return to PREVIOUS support.
SPX 500 Short - larger correction$SPX looks worrisome also, it has been trading above this trendline since March 2020, and started dipping below since Sept 17th, last year. Every time it dips it spends more time below. It shows that the trend is getting weaker, and we may see a bigger correction soon. #indices
SPX EMA Buying IndicationSPX has seen 6 instances since 2003 where the 100 EMA has crossed below the 200 EMA.
With the majority of these identifying an optimal buy/entry point, with the strategy to look consider the depth of retracement and to scale into positions for optimal ROI once the market recovers.
The only major time where this was not close to the lowest retracement point was follwoing the housing market bubble which saw the 100 EMA remain below the 200 EMA for approx. 600 days with the optimal buy zone occurring 2/3 of the way through around 190 days before the 100 EMA crossed above.
#1. 20% Oct-Dec 2018, 100 EMA below 200 EMA approx 80 days from mid-Dec 2018 to mid-Mar 2019
#2. -35% Feb to Mar 2020, 100 EMA below 200 EMA approx 80 days late-Mar 2020 to mid-June
#3. -58% Oct 2007 to Mar 2009, 100 EMA below 200 EMA approx 600 days from Jan 2008 to Sep 2009. Lowest point was approx 190 days from 100 EMA crossing back above 200 EMA
Other periods to consider where 100 EMA crossed below 200 EMA:
Jan to Apr 2016
Sep to Nov 2015
Sep 2011 to Jan 2012
NOTE:
- THE CURRENT MACRO ENVIRONMENT REFLECTS A DEEP RECESSION IS LIKELY BASED ON COMMODITIES AS WELL AS THE BREADTH OF ASSETS & EQUITIES WITH VALUATIONS AT OR NEAR ATH'S.
- Correction likely to be similar if not deeper than what was realized when the housing market collapsed in 2008 given the more widespread high prices driven by absurd amounts of excess money supply with rates at/near zero.
SPX 500 SHORT ZONESFor More Daily Detailed Analysis, go ahead and click on the follow button.
As we reach the New level of comfortable resistance we can look to get lightly short. We are not on a HUGE scale move yet so we can lessen our risk.
As we get short, we can look for intraday gains, likely tonight or tomorrow. The current bullish move comes as sentiment has dramatically changed around the current global tensions.
Use arrows/Eclipse symbols as price guides.
S&P 500 (SPX) | The best target for correction♻️Hello traders, S&P 500 in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the count, the main waves 1, 2 and 3 have been completed and the wave trend of wave 4 has started with the breaking of the line.
We have already said that we doubt the structure of Wave 4 and were hesitant between the corrective structure of the triangle and the zigzag
We said that if another descent is made beyond the previous floor, we will conclude that we are inside a zigzag.
It is probable that from this zigzag, wave a is formed as five waves and wave b is confirmed by breaking the trend line and moves around Fibonacci 0.618 and may go happily forward from this area and then another descent for wave c is formed.
If Fibo 0.618 is completely broken, we should look for another structure.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
SPX SHORT ZONE For More Daily Detailed Analysis, Go ahead and Click the Follow Button.
Here we have our SPX Chart on the 1H Chart..
As we reach Strong resistance and couple our Market Sentiment we are awaiting a fall on market open. The .618 is looking hold strong as sellers move into the market and create room for a fall and buy side bias..
Diplomacy Talks are set to occur and may affect market sentiment soon although it is doubted by both sides. Market News is likely to dictate a move in the near future.
SPX SHORTFor More Daily Detailed Analysis, click the follow button.
After the rebound in global equity markets to Early resistance we can look to get lightly short. This will also provide opportunity for hedges. Market sentiment is likely to dictate in the coming week So Trade SMALL. The market is currently stalling due to an ease in Sentiment and an increase in OIL prices/Companies.
We can also look for early gains as we step in and out of the market on any falls. Again, Trade lightly. We can look to short as sellers move into the market on this current impulsive move to the upside.
SPX MANAGEMENTMANAGE YOUR RISK.
With the current Market sentiment We have seen sustained falls across various assets including global equities. the SPX 500 has taken a fall and therefore must be managed whilst Risk sentiment is high.
We can use short zones to mitigate any Drawdown. Trade small inline with current market sentiment and bias.
If you are not fully aware of risk management with a detailed plan, do not trade.
Confirmed bear trend on SPX!! CRASH COMING?Spx has just had a confirmed trend on the weekly to the downside. Is there a potential crash about to happen? Inflation is through the roof, The us has stopped printing money, Interest rates are going up this year in most countries...... What happens next?
We are due for a correction at least. We have a correction every two years. Looking at all the data most corrections have a pullback between the 13-20% mark. Bear markets hit at least the 35%- 50% mark. If the bear market is happening we will see price drop to the 2020 lows.
You have to look at all the facts, do yourself a favour and go look at some of the top companies in the world
Netflix
Uber
Paypal
Zip pay
Meta (facebook)
Alibaba
Tesla
These companies have fallen near 50% and so has the crypto market.
Google and amazon have an unconfirmed trend at the moment however i highly predict they will make a new low on the weekly. How far will we drop no one knows. However you can look at this as opportunity to get some great buys coming up in all markets.
Invest safely